The third quarter of 2016 began with a bang – BREXIT. We never expected that the polemicists in the UK would be able to mobilize their supporters so much more than the realists, who correctly assessed the immense advantages for the UK through its membership of the EU. European stock markets initially reacted very optimistically before Brexit, anticipating a victory in the referendum; Europe’s stock markets subsequently slumped. Amid high volatility, it took several days for the most important European indices to return to their pre-referendum levels. The stock markets in the USA were largely unimpressed, with the S&P 500, NASDAQ 100 and Dow Jones Industrial all reaching new all-time highs in the first half of July. Our motto of diversifying assets across several regions and asset classes was once again clearly confirmed.
At our company vofi-consult GmbH, everything is running largely according to plan. Our focus on investment options in the Arab world is being further intensified. In the second half of the year, our youngest partner will accompany a tourism project in Oman and gather comprehensive information for us about economic life there.
From mid-September we will again have free appointments for our wide range of services available for you.
